For Chinese companies, especially those with business links in Australia, listing in Australia is a very attractive option.
In practice, it generally takes 6 to 12 months for a Chinese company to list in Australia, and only the following four steps need to be completed:
1. Set up a listing teamAfter deciding to go public, the first task is to build a professional listing team. The team will be composed of Australian lawyers, Australian auditors, Chinese lawyers, Chinese accountants and other members, who will formulate a detailed listing plan according to the specific situation and listing goals of the company.
It is important to note that all team members are required to have the appropriate legal and business qualifications to ensure that all work complies with the legal and regulatory requirements of China and Australia.
Second, determine the listing methodThe most common ways for Chinese companies to list in Australia include IPO and backdoor listings. After the evaluation of the professional team, the enterprise should decide the listing method according to the actual situation.
1. Initial Public Offering (IPO).
This is the most common way for a business to go public by raising funds from the public. Before proceeding with the IPO, the company needs to prepare relevant documents, such as a prospectus, and then work with the underwriters to carry out the ** offering.
2. Reverse merger and listing, that is, backdoor listing.
A way to go public through the acquisition of a company that is already listed in Australia. A company may choose to merge with a publicly traded company with existing operations and assets, and restructure its business and management after the completion of the merger. A backdoor listing does not require the registration of the original shares and the procedures for a public offering, so it usually takes less time than an IPO.
For Chinese companies, it is feasible to choose which way to list in Australia, and the key is to plan for their own business.
3. Complete due diligence and prepare a prospectusThe first thing the professional team does when they enter the market is due diligence, which is mainly to understand the company's history, main business, compliance and financial status. This process is carried out independently by Australian lawyers, Australian audit and Chinese lawyers, who will issue independent due diligence reports, legal opinions and audit reports respectively.
After completing the due diligence process, an Australian broker or Australian lawyer will prepare a prospectus based on an independent report from each intermediary team. This is a document detailing the company's status, business plan, financial situation, and financing plan, and it is also an important way for investors to understand the company.
Fourth, apply for listingAfter the completion of the prospectus, the company applies for listing on the Australian ** Exchange. The Exchange will conduct a review hearing on the application, mainly to review the comprehensiveness, accuracy, authenticity and timeliness of the documents. If the review is passed, the business will be approved and successfully listed.
Through the above four steps, we can see the complete process of Chinese companies listing in Australia. Although it may seem a bit complicated, as long as the company can carefully prepare and choose the right team and coaching agency, such as Huiling twotwo100 of AUSU Capital, it is not difficult to successfully go public. By listing in Australia, companies can not only increase their visibility and influence, but also attract more investor attention and support, thus entering the fast lane of development.